Debt information
The Group’s financial risk management is centralized to capitalize on economies of scale and synergy effects, and to minimize operational risks.
The central treasury function is responsible for the Group’s borrowing, currency and interest rate management and serves as an internal bank for the Group’s financial transactions. In addition to ensuring that the Swedish Match Group has secure financing, financial transactions are conducted with the aim of limiting the Group’s financial risks.
Key figures 2016
Net debt/EBITA: 2.0
Average maturity of borrowing: 4.3 years
Average interest maturity: 4.2 years
Fixed loans: 94.6%
Floating loans: 5.4%
Maturity profile of interest bearing liabilities
Most of Swedish Match’s financing consists of a global medium-term note program (MTN). At December 31, 2016, a total of 10,243 MSEK of the global program was outstanding. The average maturity of the Group’s bond borrowing at December 31, 2016 was 4.3 years.
Swedish Match has had a long-term rating from Standard & Poor's since 1997 and Moody's Investor Service since 1999.
